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12220 2ND AVENUE, Richmond, British Columbia, V7E 3L8

MLS® # C8076789
Commercial For Sale In Richmond, British Columbia
$3,300,000

None Beds

12220 2Nd Avenue, Richmond, BC
12220 2Nd Avenue, Richmond, BC
12220 2Nd Avenue, Richmond, BC
12220 2Nd Avenue, Richmond, BC
12220 2Nd Avenue, Richmond, BC
12220 2Nd Avenue, Richmond, BC
12220 2Nd Avenue, Richmond, BC
12220 2Nd Avenue, Richmond, BC
12220 2Nd Avenue, Richmond, BC
12220 2Nd Avenue, Richmond, BC
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MULTIMEDIA

12220 2ND AVENUE, Richmond, British Columbia, V7E 3L8
$3,300,000

Property Information:

Freestanding Multi-Tenant Commercial Building. Total building is approx. 5,737 sf situated on a 6,590 sf lot. Zoned CS2. The property permits a wide range of uses, including, but not limited to, retail, grocery, daycare, learning institute, office, warehouse, light industrial ... etc. Located in the heart of Steveston Village, an opportunity for both investors & owner-users. The centrally located building benefits from excellent exposure, convenient access, and ample street parking in one of Richmond's most vibrant and walkable neighborhoods. The property has 4 leasing units (2 up and 2 down), offering a mix of month-to-month and short-term leases, with certain tenancies secured until October 2026. This flexible lease structure allows an owner-user to occupy all or part of the building, or provides an investor the ability to reposition the asset and renew leases at market rates. Potential market Lease Rate for entire building is approx. $180k per annum plus Additional Rent. (id:27)

Building Features:

  • Floor Space: 5737 sqft

Property Features:

  • Property Type: Retail
  • Floor Space (approx): 5737 Square Feet
  • Irregular: Yes
  • Lot Size: 6590.00 Square Feet
  • Utility Type: Telephone - Available, Hydro - Available
  • Zoning: CS2

REALTOR.ca  

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Market Price Trends

Single family detached

-2.64%

Price change (1 year)

39.12%

Price change (5 years)

All Properties

-3.54%

Price change (1 year)

38.88%

Price change (5 years)

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 12220 2ND AVENUE, Richmond, British Columbia, V7E 3L8

Demographic Information of 12220 2ND AVENUE, Richmond, British Columbia, V7E 3L8

Life Stage

Young Families

Employment Type

Service Sector/White Collar

Average Household Income

$124,894.53

Average Number of Children

1.56

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

12.3 %

High school certificate or equivalent

29.82 %

Apprenticeship trade certificate/diploma

6.44 %

College/non-university certificate

20.7 %

University certificate (below bachelor)

1.67 %

University Degree

29.07 %

Commuter

Travel To Work

By Car

76.85 %

By Public Transit

7.53 %

By Walking

9.66 %

By Bicycle

1.78 %

By Other Methods

4.18 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

67.97 %

Houses

32.03 %

Own Vs. Rent

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